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Author Topic: What will be your biggest fears and risks to setup mining farm.  (Read 377 times)
Mighty_crypt
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March 06, 2020, 08:12:20 AM
 #21

If I have to judge mining it will be because of my country, high electricity fee makes all my mining dreams end up in a dustbin, if I have to do this someday I will have to build a big solar power grid which will cost me a lot, for now I enjoy trading and staking coins

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mineshop.eu (OP)
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March 06, 2020, 12:25:47 PM
 #22

If I have to judge mining it will be because of my country, high electricity fee makes all my mining dreams end up in a dustbin, if I have to do this someday I will have to build a big solar power grid which will cost me a lot, for now I enjoy trading and staking coins
Yes or if doing at scale, you can host in other countries where price is acceptable.

Etherion
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March 16, 2020, 12:02:11 PM
 #23

The only way you will come close to making mining worthwhile is if you can control the full-stack. From cutting edge R&D to manufacturing of the hardware as well as the supporting infrastructure. You must make a profit at every step. The old model of buying public available hardware, paying for power generation and renting space is out. If you do this then you wiil almost be on an equal footing to your competitors. To match the competition and have a small chanced of beating them you also need to control the underlying blockchain that your targeting. Such as the mining pool's and even have a stake in the blockchain project.    This is what I mean with controlling full-stack.
Metroid
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March 16, 2020, 01:23:45 PM
 #24

Price crash is the biggest fear ehhe and it happens so fast ehhe, in just one day bitcoin lost 60% of its value, now is barely alive ehhe but dont worry trolls, in 2 months or so bitcoin will be around 100k because when it is pumped it happens fast too ehhe

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philipma1957
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March 16, 2020, 03:17:28 PM
 #25

Price crash is the biggest fear ehhe and it happens so fast ehhe, in just one day bitcoin lost 60% of its value, now is barely alive ehhe but dont worry trolls, in 2 months or so bitcoin will be around 100k because when it is pumped it happens fast too ehhe

The diff will lower.

Ltc diff dropped from 6 to 5 due to market crash.

btc is due to drop from 16.4 to 15.0

over extended miners will have to shut down over the next two months.

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JayDDee
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March 16, 2020, 08:17:19 PM
 #26

This price crash had nothing to do with crypto. In fact the crypto price is the least of my concerns
at the moment.

A crypto specific crash would be a risk, but not a primary one IMO.

badbart
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March 16, 2020, 09:02:29 PM
 #27

Been buying open box RX 5700's and with this down turn my gpus have lost less value then if I would have bought btc and they are still producing a little income.  Just a pain in the ass to sell if things don't recover.  Hell the 1070s I bought in early 2017 are still running and have been long paid off and still worth a little.  

I am getting close to turning of my older gpus the profit margin is razor thin and if things get worse I'm shutting down for a while.  No need for a huge electric bill.  I wounder what the btc miners are doing, this sucks with the having coming.
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